Investing.com - Telecom Argentina (NYSE:TEO) ADR reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Telecom Argentina ADR announced earnings per share of 0.01 on revenue of 913.05M. Analysts polled by Investing.com anticipated EPS of 0.0274 on revenue of 816.02M.
Telecom Argentina ADR shares are down 0.2% from the beginning of the year, still down 22.17% from its 52 week high of 6.54 set on June 9, 2021. They are broadly in line with the EUR/USD which is down 0% from the start of the year.
Telecom Argentina ADR follows other major Communication Services sector earnings this month
Telecom Argentina ADR's report follows an earnings beat by Walt Disney on February 9, who reported EPS of 1.06 on revenue of 21.82B, compared to forecasts EPS of 0.7369 on revenue of 20.27B.
Deutsche Telekom ADR had missed expectations on February 24 with fourth quarter EPS of 0.2882 on revenue of 32.16B, compared to forecast for EPS of 0.2887 on revenue of 32.16B.
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